Global Veterinary Capital Equipment Market Size, Market Segmentation By Product Type, By Animal Type, By End User & by Region with Forecast 2017-2030

Global Veterinary Capital Equipment Market Overview

Among pet owners, 63.2% considered their pets to be family members, 35.8% considered their pets to be pets or companions and remaining 1% considered their pets to be property. In 2011, 56% of the households in US owned pets, down from 57.4% in 2006. The primary reason that cat and dog owners gave for not visiting a veterinarian during 2011 was that their pets did not get sick or injured as 44.9% of the cat owners did not take their cat or cats to a veterinarian while 18.7% did not take their dogs to a veterinarian reason being 48.6% never get sick or injured, 29.3% couldn’t afford, 17.5% didn’t need vaccines and 0.9% were too hard to transport. According to American Veterinary Medical Association, in U.S., the number of veterinarians increases from 92,547 in 2011 to 107,995 in 2016 therefore growth in the number of veterinarians in the world is believed to impel the demand for veterinary capital equipment during the forecast period.

Goldstein Research analyst forecast the veterinary capital equipment market size is set to grow at a CAGR of 6.45% through the forecast years 2017-2030. The increasing number of veterinary professionals and veterinary clinics has resulted in an increase in the adoption of veterinary equipment.

Intended Audience

• Veterinary Capital Equipment Suppliers
• Veterinary Capital Equipment manufacturers
• Research and Development (R&D) Companies
• Medical Research Laboratories
• Diagnostic centers
• Animal Welfare Associations

Global Veterinary Capital Equipment Market Segmentation

By Product Type

• Veterinary Anesthesia Machines
• Ventilators
• Anesthesia Vaporizers
• Surgical Lights
• Veterinary Monitors
• Veterinary Tables
• Veterinary Telemetry Systems
• Autoclaves & Sterilizers
• Centrifuges
• Defibrillators
• Dental Equipment
• Electrosurgical Equipment
• Endoscopic Equipment
• Equine Equipment
• Incubators
• Infusion Pumps
• Medical Gas
• Evacuation & Scavenging Systems
• Hoses and Fittings
• Microscopes
• X-Ray Imaging
• Syringe Pumps
• Ultrasonography Machines & Equipment
• Suction Machines
• C-Arms

By Animal Type

• Canine
• Feline
• Equine
• Bovine
• Zoo Animals
• Others

By End User

• Veterinary Hospitals
• Veterinary Clinics
• Research Laboratories

Based on Geography

• North America (U.S. & Canada) Veterinary Capital Equipment Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Veterinary Capital Equipment Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Veterinary Capital Equipment Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Veterinary Capital Equipment Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Veterinary Capital Equipment Market {Market Share (%), Market Size (USD Billion)}

Based on end user, veterinary hospitals segment accounted for the largest share i.e. 55% in 2017 and tends to follow the growing trend over the forecast period at a CAGR of 6.12% owing to rising awareness on animal diseases, growing companion animals market, and increasing animal healthcare expenditure.

Veterinary Capital Equipment Industry Analysis & Outlook

Global Veterinary Capital Equipment Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Veterinary Capital Equipment Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Veterinary Capital Equipment Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

According to our global market study on the basis of extensive primary and secondary research: “One trend is the rising prevalence of animal diseases such as zoonotic diseases, African horse sickness, African swine fever, avian influenza, bluetongue, classical swine fever, crimean-congo hemorrhagic fever, lumpy skin diseases, foot & mouth disease, Peste des petit ruminants, rift valley fever, rinderpest, schmallenberg virus, etc expected to trigger the growth of the veterinary capital equipment market globally.”

Based on geography, North America dominated the global veterinary capital equipment market with the market share of 37.8% in 2017, followed by Europe, APAC, Latin America and Middle East & Africa. APAC is the fastest growing global veterinary capital equipment market owing to the rising number of veterinary clinics and rising adoption of companion animals. India, China and Japan are the key countries making the significant contribution to the growth of the veterinary capital equipment market while Latin America is expected to observe high growth rate over the forecast period on the account of high pet ownership and veterinary hospitals & clinics in the region.

Growth Drivers & Market Restraints 

According to the report, major driving factor is the rising number of animal healthcare centers offering wide range of services to satisfy the complete needs of pets and the services range from state-of-the-art medical and surgical care to wellness programs, behavioral counseling, emergency care, hospitalization, boarding, grooming, and prescription heartworm and flea medication.   

Further, the report states the biggest challenge is the low animal health awareness in emerging markets paired with severe shortage of skilled veterinarians and the increasing cost of pet care. Species extinction is happening 1,000 times faster because of the unavailability of the veterinary capital equipment and medical personnel.  

Covered In This Veterinary Capital Equipment Market Report    

The report covers the present ground scenario and the future growth prospects of the veterinary capital equipment market for 2017-2030 along with the data of installed units in medical facilities worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The veterinary capital equipment market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. The report also includes micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Key Market Players  

Our global Veterinary Capital Equipment Market report comprises of the following companies as the key players:

• Medtronic Plc.
•  Sunburn Surgical Co. Inc.
•  Mila International Inc.
•  Jorgen Kruuse A/S
•  Digicare Biomedical Technology Inc.
•  Vetland Medical Sales and Services LLC
•  Hallowell Engineering & Manufacturing Corporation
•  DRE Veterinary
•  Midmark Corporation
•  Jorgensen Laboratories
•  MWI Veterinary Supply Co.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Veterinary Capital Equipment Market Report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the revenue of total market in 2016-17 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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